Which of the Following Is an Example of an Organization

question 54

Multiple Choice

Which of the following is an example of an organization undertaking social responsibility measurements in the social investment area?

• A) Blanc Co., a mobile manufacturer, donates $10 million to Lance Armstrong Cancer Foundation.
• B) Caterpillar, the world's largest manufacturer of construction and mining equipment, replaces its old machinery and equipments to reduce workers injuries.
• C) Glance, a textile manufacturing company, increases its workers pay after its union declared a strike to demand pay hikes.
• D) Glasco Computers, a computer hardware manufacturer, makes sure that it abides by the law while catering to its customers' needs.
• E) UCB, a fashion and apparel company, opens six factories in different locations in China.

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Definitions:

Capitalize

To record a cost/expense on the balance sheet for the purposes of delaying full recognition of the expense over time through depreciation or amortization.

Expense Capital Assets

The process of recording the cost of a capital asset as an expense over its useful life, often through depreciation or amortization.

Not-for-profit Organization

A type of organization that does not distribute its excess profits to owners or shareholders but instead uses them to help achieve its goals.

Capital Fund

A fund created for the purpose of undertaking capital projects or investing in long-term assets, funded by capital expenditures or external financing sources.